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To: Rick who wrote (18424)	2/23/2000 12:28:00 AM
From: chaz	Read Replies (2) \| Respond to of 54805

RE: National Sales Tax Yes, that was one of the objections raised, the response being that it would not matter whether you were spending current earnings or saved monies, that most of the nation's saving is unspendable in the form of home equity, and that having a tax on purchases would tend to reduce impulse spending, leading to savings. I found that plausible. Other points raised during the discussion: Sales taxes are regressive! Yes, so we would exempt food purchases and medical services, supplies, and equipment. Sales Taxes would upset the economy by taking money out of it! Not so...money would be put back into the economy by eliminanting all withholding. Taxes on inheritance, death, and capital gains would be eliminated. Social Security, on which all Americans rely to some extent, would be thrown into chaos! Not so. We would simply put a new system in place that would give every worker, at the age of 65, a check for (say) $1,200 monthly, no matter what the earning level had been in their lifetime. There were many other questions and objections than these few, but the responses were level, quickly presented as though they had been pre-considered, and seemed to satisfy the questioner in each case. It was an impressive, instructive, grass roots, conversation among friends. Chaz/Thucydidies

To: Rick who wrote (18424)	2/23/2000 5:34:00 PM
From: 100cfm	Read Replies (1) \| Respond to of 54805

OT sales tax Fred you're right that we would be double taxed on a part of our savings but most of one's purchases would come from weekly income(except for those of us retired) which would then not be taxed, so one would most likely wind up ahead of the game. Since you shouldn't be so freely spending your savings. I like the sales tax scenario since it brings the underground cash econonmy above ground thus lightening the tax burden on all us non cash businesses. 100